Oracle's Earnings Call

Oracle is flying high as it goes into its annual Oracle OpenWorld customer conference, based on the news from its earnings call on Thursday. It’s clear that the company has succeeded in pivoting from on-premises to cloud software offerings. The revenue acceleration from cloud products and services suggests that Oracle will derive an increasing share of its future revenues from cloud solutions. The quarter’s $816 million in combined revenue from cloud, SaaS and PaaS was up 82 percent from the prior year, noted Co-CEO Safra Catz.